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Newmark GCS hires Lee as life science lead
April 8, 2022
Boston, MA Newmark Global Corporate Services (GCS) brings on new hires with specialty expertise to its consulting practice. Newmark GCS’ consulting practice advises firms–from fast-growing biotech businesses to Fortune 100 corporations–on how to optimize
Boston Realty Advisors reports, Seaport/Fort Point class B office leasing leads as 2021 ends
April 8, 2022
Boston, MA Class B office leasing properties in the Seaport and Fort Point outperformed all other markets at the end of 2021, as lab conversions removed inventory and subleases were absorbed by new tenants or filled as employees returned to their offices following pandemic responses
Johnson joins Colliers Project Leaders USA as a director in the Boston office
April 8, 2022
Boston, MA According to Colliers Project Leaders | USA, Jennifer Johnson has joined the firm as director of business development in the firm’s local office. Johnson is a creative and strategic professional with experience in the management,
REFA to host first in-person education program in two years: “Institutional Mindset: Where and how...
April 8, 2022
Boston, MA REFA hosted its first Fundamentals program of the year, Life Science Real Estate 101, on March 22nd. Over 200 REFA members attended the webinar featuring Mark Bruso, senior research manager, JLL; Hana Kolton, principal, Jacobs; and Tyson Reynoso,
Wake up and live. Fix it. Clean. - by David Kirk
April 8, 2022
Infrastructure is the only way to provide a safe and strong and connected built environment to serve all of our constituencies. For the comfort and well-being of our communities, we must focus on the changing environment and the new behaviors and demographics as they evolve, and we observe them.
Confused, complex world? Time to parse the pieces - by Daniel Calano
April 8, 2022
At the moment, there are so many relevant unknowns regarding the world and its economies, it boggles the mind. The only part that has just been fixed is a playbook for interest rate hikes. Among the many remaining unknowns are supply chain issues, inflation, Covid variants, energy imbalances, geopolitical issues
Residential appraising – Big changes looming - by Reynold Archambault
April 8, 2022
It’s been a crazy couple of years since the pandemic outbreak. First everything shut down and immediate thoughts, beyond health and humanity, turned to how appraiser’s were going to do their jobs. We worked through it. Temporary policies were enacted circumventing interior inspections
President’s message: The PAVE Action Report - by Brad Hevenor
April 8, 2022
In March, the Department of Housing and Urban Development delivered the long-anticipated Action Plan from the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) to President Joe Biden. The PAVE Action Report targets dismantling racial discrimination and bias in mortgage
Residential appraisal forms - by Bill Pastuszek
April 8, 2022
Fannie Mae and Freddie Mac have been working on the redesign of the Uniform Residential Appraisal Report (URAR) for several years. The GSEs, through their Uniform Appraisal Dataset (UAD) and Forms Redesign Initiative working group, have worked closely with stakeholders and allowed their input
Cambridge Savings Bank empowers local small businesses through financial education courses
April 8, 2022
Cambridge, MA Cambridge Savings Bank (CSB), has launched its Small Business Financial Education Program. Led by CSB’s financial education manager, Philip Mustone, the program will provide small businesses with information on best practices related to marketing
Soares promoted to team leader at Salem Five Bank
April 8, 2022
Salem, MA Salem Five Bank has promoted senior vice president Philip Soares to team leader of its commercial real estate division, taking over for Joseph Greenough, who retired last month.
Eagleson joins Washington Trust as vice president
April 8, 2022
New Haven, CT According to the Washington Trust Company, Brett Eagleson has joined the bank’s commercial real estate group as vice president and relationship manager in Connecticut. Eagleson will focus on the development of commercial real estate loan business,
Cushman & Wakefield advises Martignetti Cos. in $92m refinance
April 8, 2022
Taunton, MA Cushman & Wakefield served as the exclusive advisor to Martignetti Companies in the procurement of $92 million for the refinancing of 500 John Hancock Rd., a class A core industrial asset. The 12-year, fixed-rate loan was provided by Northwestern Mutual.
Lument completes closing of $18.9m financing for The Guilford House
April 8, 2022
Guilford, CT Lument completed the closing of an $18.9 million U.S. Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) Sec. 223(a)(7) refinance for The Guilford House, a 96-bed assisted living (AL) and skilled nursing facility (SNF).
New England Real Estate Journal's
South of Boston Spotlight
April 8, 2022
Check out the New England Real Estate Journal's South of Boston Spotlight HERE!
JLL arranges $543 million in financing for the $596.6 million 10 World Trade
April 8, 2022
Boston, MA JLL Capital Markets has arranged $543 million in financing for the $596.6 million 10 World Trade project, a speculative development that will offer 555,250 s/f of life sciences, office and retail space in the Seaport District.
Cornerstone Realty Capital arranges $9m in financing for a 385-unit redevelopment site
April 8, 2022
Everett, MA Cornerstone Realty Capital arranged $9 million in financing on behalf of V10 Development for the acquisition of a 0.95 acre residential redevelopment site. Located in the city’s Commercial Triangle Economic Development District, V10 Development will raze the existing 16,900 s/f
Goldstein joins Winchester Savings Bank as commercial lending officer
April 8, 2022
Winchester, MA Winchester Savings Bank has hired Benjamin Goldstein as a junior commercial lending officer. “We’re growing our Commercial Lending program, and Ben is an excellent addition to our team,” said John Carroll,
BEB Lending provides $5.8 million in acquisition financing - secured by Patriot Holdings for the acq...
April 8, 2022
Marlborough, MA BEB Lending (BEB), the finance platform of BEB Capital, a leading investor and developer of industrial, office and multifamily assets throughout the East Coast, has provided a $5.85 million bridge loan to Patriot Holdings for the acquisition financing of an industrial property
Casey of Sweeney Real Estate & Appraisal sells flex building for $1.355m
April 8, 2022
Exeter, RI Kevin Casey of Sweeney Real Estate & Appraisal represented the sellers, 570 Nooseneck Hill LLC, in the sale of the 27,300 s/f flex building. The site was built in 2004 and utilized for the sale and distribution of motorcycle accessories